110.27
It is 6655.
$44,440.71
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
Total = 250(1+i)3 Total = 250(1.124864) Total = 281.216 Interest = 281.216-250 = 31.216
Total simple interest = 2500*11/100*3 = 825
$96,946.40
Total = 20(1+i)n Total = 20(1.1236) Total = 22.472 Interest accumulated = 22.472 - 20 = 2.472
The total interest would be 73606.07 dollars, approx.
if its simple interest: I = prt = 240 the total money to be returned is 2240
The total interest will be 1160.53 units of currency.
Interest for 1st year = $6 Principal after 1 year = $206 Interest for 2nd year = $6.18 Principal after 2 year = $212.18 Total Interest earned after 2 years = $12.18
The payback period is ascertained by calculating the number of years needed to recover the cash invested in a project, For example, an investment of 1000 provides a return of 200,300,500 in consecutive three years. Then total of return in 3 years will be equal to the original investment. Hence the payback period is three years.